CRH plc reported financial results for the fiscal quarter ended September 30, 2026, noting total revenues of $11.4 billion, a 3% increase from the prior year. However, net income for the quarter was $1.2 billion, a decrease of 22% year-over-year, primarily due to a loss on impairments. Adjusted EBITDA for the quarter was $2.7 billion, remaining flat compared to the prior year.
The company announced a new share buyback program of up to $6 billion, expiring at the end of 2030. This authorization reflects the company's significant financial capacity and robust balance sheet. Additionally, CRH declared a quarterly dividend of $0.39 per share, a 5% increase over the prior year, payable on December 9, 2026.
CRH completed the acquisition of Arcosa, Inc. in October 2026 for approximately $8.5 billion, financed through a combination of borrowings and cash on hand. The company also invested $1.9 billion in 27 value-accretive acquisitions year-to-date. CRH launched a transformation initiative called Velocity, designed to simplify operations and leverage technology, with an expected annual run-rate benefit of $400 million by the end of 2028.
CRH has revised its full-year 2026 guidance, lowering its expectations for net income to $3.1 billion to $3.3 billion and Adjusted EBITDA to $7.8 billion to $8.0 billion. The company cited the earlier-than-anticipated completion of the Arcosa acquisition, an inflationary cost environment, and a more challenging residential construction market as factors for the adjustment.
